https://t.me/Doge_ShibaInu

2022-08-22 08:24:02 More Than Half a Billion SHIB Burned in Past Week

According to the Shibburn Twitter account, more than half a billion SHIB were sent to dead wallets in the past week, adding up to the hundreds of millions of SHIB burned since the start of August. In the past week, over 582,646,458 SHIB tokens were burned in 106 transactions. In the upper week, the amount of SHIB burned was reported to be more than 711 million.

Recent hours have seen several transactions carrying SHIB being burned, resulting in a rise in the burn rate. At the time of publication, the SHIB burn rate was up 272.56%, while 86,410,488 SHIB had been burned within the last 24 hours, per the Shibburn website. The whale tracking service, WhaleStats, reports that SHIB has returned among the top 10 purchased tokens among the 500 biggest ETH whales in the last 24 hours.

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2022-08-21 19:20:02 Dogecoin Gets Hit Hardest Among Top 10 Coins in Market Sell Off

As virtually every cryptocurrency bleeds on Friday, of the top 10 biggest digital assets, Dogecoin has been hit the hardest: the meme coin is down 14.6% in 24 hours at the time of writing, trading for $0.069327, as per CoinGecko. Dogecoin, which has a market cap of $9.2 billion, had been doing well.

Dogecoin, which has a market cap of $9.2 billion, had been doing well. Only at the weekend it was one of the best performing altcoins, and touched $0.0838—20% higher than it is now. But the cryptocurrency—which trades as DOGE—has been battered today as the two largest coins, Bitcoin and Ethereum, nosedive and traders liquidate their positions. Dogecoin was invented in 2013 as a joke; its creators wanted to poke fun at the world of Bitcoin.

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2022-08-20 15:21:02 Shiba Inu Retail Holders Buying up Recent SHIB Price Drop, Data Shows

Shiba Inu was also in the red again on Friday after three days of consecutive losses. The loss followed profit-taking by large SHIB token holders, as the crypto market turned risk-off.According to on-chain data, several wallets with significant holdings have been reducing their SHIB positions recently, possibly due to profit-taking. The main culprits here seem to be the "investors,".

Using the ownership indicator from IntoTheBlock, the last few days of the Shiba Inu price drop have seen a shift toward retail addresses.On Aug. 18, when Shiba Inu's price fell further, retail now held a balance of 190.09 trillion SHIB, marking an increase of over 2 trillion SHIB for this category of holders. The balance held by ''investors'' was 112.7 trillion SHIB, a decrease of over 2 trillion SHIB, while whales held a slightly higher balance of 680.53 trillion SHIB.

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2022-08-19 12:53:02 Shiba Inu Burn Rate Suddenly Jumps 322%, SHIB Price Approaches Key Support

Per the Shibburn website, the burn rate of Shiba Inu has suddenly increased by 322%. The Shiba Inu burn rate was down earlier, as reported by U.Today. This shows that burning activities are resuming across the board, although the amount of SHIB burned remains lower than usual.

The recent Shiba Inu rally shifted investors' attention to buying and hodling, leading to a decrease in the amount of Shiba Inu being sent to dead wallets. Over the weekend, Shiba Inu posted an impressive rise, gaining more than 35% in one swoop.A bull pennant is a triangular flag shape that signals a continuation. At the time of publication, Shiba Inu was trading down 5.81% at $0.0000146. It remains 17% up weekly.

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2022-08-18 09:22:02 Shiba Inu records a resurgence in new holders amid a recent price rally

Following the recent infusion of cash into the dog meme coin, Shiba Inu (SHIB) has seen a revival in the number of new holders. SHIB holders had been steadily increasing over the past three months, reaching a peak of over 1.216 million unique addresses as of July 31, before collapsing in a two-day span that saw the digital asset lose 16,000 holders.

However, after the collapse on August 2, the total number of unique SHIB addresses that hold assets on the network has increased in tandem with the number of SHIB holders to 1.208 million as of August 17, according to statistics obtained by Finbold from CoinMarketCap. Interestingly, data from Google Trends showed that over the past year, global search queries for the keyword “Shiba Inu” dropped to the lowest point in over a year during July. With that said, Hayden Hughes, chief executive of social-trading platform Alpha Impact stated on August 16.

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2022-08-17 06:11:02 Dogecoin Foundation Director hails new Libdogecoin test on Android and iOS devices

Meme cryptocurrency Dogecoin (DOGE) continues to record increased network development as the coin seeks to become a mainstream digital asset. In this line, the platform is receiving praise for the latest development dubbed the Libdogecoin protocol. In particular, Timothy Stebbing, a Dogecoin Foundation director, in a tweet posted on August 14, lauded the protocol noting that it will likely bring growth to the network.

Stebbing was responding to Dogecoin developer Shafil Alam who revealed that he has complied Libdogecoin for iOS and Android devices. He stated that the Libdogecoin protocol also means that there are numerous ways to build more mobile apps for the meme coin network. The platform allows developers to design a product on it in the absence of a node, with the hope it will push the network toward more utility.

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2022-08-16 13:34:29 Doge & ShibaInu pinned a photo Open / Comment

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Rug-pull protected Open / Comment

2022-08-16 10:27:02 Shiba Inu (SHIB) reclaims most-trending crypto status after its double-digit gains weekend rally

After going through a severe price correction in 2022, interest in the meme coin Shiba Inu (SHIB) is registering increasing capital inflow and picking up steam among the cryptocurrency community. As of August 15, the decentralized finance (DeFi) dog token appeared as the most-trending crypto leading the 24-hour chart, according to CoinMarketCap data.

On August 14, Finbold reported that $1.5 billion entered SHIB’s market cap in 24 hours, gaining by $1.53 billion from $6.96 billion to $8.49 billion; at its peak, the token hit $9.74 billion in the day. Interestingly, after a lackluster first half of 2022, SHIB exhibited indications of a recovery in July, with the gains corresponding with those of the entire market, which has been trading in the green zone in recent weeks, led by large-cap assets like Bitcoin (BTC) and Ethereum.

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2022-08-15 07:23:02 $1.5 billion enters SHIB’s market cap in 24 hours as meme coin gains 22%

After experiencing a significant price correction in 2022, interest in meme cryptocurrency Shiba Inu (SHIB) is gaining momentum recording increased capital inflow that has propelled the token to flip Avalanche (AVAX) to rank as the 12th largest digital asset by market cap. The resurgence of SHIB has correlated with the general crypto market gains led by large-cap assets like Bitcoin.

Historically, altcoins are known to follow trends established by large-cap assets like Bitcoin. In this line, during the early trading hours of August 14, Bitcoin surpassed the $25,000 level for the first time since mid-June, influencing the market. Although SHIB gains partly rely on the general market, it is worth noting network development has set up the coin for gains. The token has attempted to regain its highs of 2021 with network activity touted to make the coin more appealing.

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